Economic policy under President Ma Ying-jeou

  1. More open Cross-Strait policy
    • Promote the normalization of cross-strait direct passengers and cargo transportation via air and sea: Make Taiwan the regional transportation hub connecting to U.S., South Eastern Asia, and China.
    • Open up to Mainland Chinese tourists: The upper limit of Chinese tourists is 3,000 per day or 1 million per year in the early stage, and will increase to 3 million per year in the future.
    • Allow the influx of investment from China: Relaxing the cap on Chinese investments from Taiwanese companies of 40 percent of their net worth, and moderately allowing the influx of Chinese investment.
    • Allow the RMB/NTD convertible in order to facilitate the tourism investment and trade promotion.
  2. I-Taiwan 12 Projects
    • The "I-Taiwan 12 Projects" is aimed to expand domestic demand by boosting infrastructure investment, thereby bolstering Taiwan’s economic growth and creating more job opportunities.
    • The I-Taiwan 12 Projects is to spend NT$4 trillion (US$130 billion) on 12 infrastructure projects before 2016. These projects could create 120,000 job opportunities every year.
  3. "633" Plan
    • President-elect Ma Ying-jeou has proposed a plan known as "633", the macroeconomic targets of the new administration in 2016, which is to achieve economic growth of 6 percent, a jobless rate of 3 percent and per capita GDP of $30,000.

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Source: Council for Economic Planning and Development, Executive Yuan, R.O.C. (Taiwan)